Asian Stocks Decline as Investors Await Chinese Manufacturing Data

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

Asia shares dropped Monday amid jitters about upcoming Chinese manufacturing data and the continued declines in commodity prices. The Shanghai Composite opened 1.3% lower at 3614.99, while the smaller Shenzhen Composite traded down 1.5% at 2079.13. The small-cap ChiNext board ...

Asian Stocks Decline as Investors Await Chinese Manufacturing Data

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By Chao Deng Asia shares dropped Monday amid jitters about upcoming Chinese manufacturing data and the continued declines in commodity prices. The Nikkei Stock Average was down 0.3%, Australia's S&P; ASX 200 lost 0.2% and South Korea's Kospi was down ...

Oil Prices Drop to Four-Month Low on Supply Glut Concerns

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By Biman Mukherji HONG KONG--Oil prices slid to fresh four-month lows Monday as a rise in the number of U.S. oil rigs fueled supply glut concerns even as weak China manufacturing activity weighed on the demand outlook. The oil-rig count ...

Indonesia July Inflation Steady at 7.26%

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By I Made Sentana JAKARTA--Indonesia's July inflation was steady at 7.26% year-over-year, as prices of basic food transportation rose from the previous month due to the Muslim festivities, the official statistics agency said Monday. Prices rose 0.93% from the previous ...

HSBC to Sell Brazil Business for $5.2 Billion

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

HONG KONG?HSBC Holdings PLC said on Monday it will sell its Brazil business to Banco Bradesco SA in an all-cash deal worth $5.2 billion, as it continues to reshape its operations with an eye toward improving profits. The bank, which ...

BMW, Daimler, Audi to Buy Nokia's Maps Business

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

BMW AG, Audi AG and Daimler AG said they have agreed with Nokia Corp. to buy the Finnish company's digital maps business Here. The deal for Here has an enterprise value of 2.8 billion euros ($3.1 billion), Nokia said Monday ...

BMW, Audi, Daimler Clinch Purchase of Nokia's Maps Business--Update

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By Friedrich Geiger Germany's biggest auto makers have clinched a deal to buy Nokia Corp's digital mapping business, beating out rival bidders for some of the vital technology for self-driving cars in a EUR2.8 billion ($3.1 billion) acquisition. The deal ...

China Proposes to Keep Online Payments in Check

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

BEIJING?Draft rules for online payments issued by China's central bank look set to hamper the growth of financial services offered by the likes of Alibaba Group Holding Ltd.'s financial affiliate and social-networking company Tencent Holdings Ltd., analysts said Monday. The ...

Eurozone PMI Survey Shows Collapse in Greek Manufacturing Output

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By Paul Hannon Uncertainty over the country's future relationship with the eurozone sent Greek manufacturing into a tailspin in July, but that had little impact on other parts of the currency area's economy, as Italian factories had their best month ...

Canada's Leader Triggers Start of Election Campaign

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

OTTAWA?Canadian Prime Minister Stephen Harper ordered the country's Parliament to be dissolved, kicking off an extended election campaign in which the Conservative leader will vie for a fourth term amid a deteriorating economy. The move, announced Sunday, doesn't alter the ...

Shire Gains New Pinkeye Treatment With Deal For Eye-Drug Firm

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

(FROM THE WALL STREET JOURNAL 8/3/15) By Jonathan D. Rockoff Shire PLC has agreed to buy a privately held eye-drug company for $300 million in a deal that would add another promising ophthalmology treatment to a new line of business. ...

Sydney House Prices Gain by Fastest in Over a Decade

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By James Glynn SYDNEY--Sydney house prices grew at their fastest annual pace in nearly 13 years in July, highlighting the huge task ahead for Australia's bank regulator to rein in the boom that threatens to destabilize the country's already-fragile economy ...

Brokerage China Merchants Securities Seeks Hong Kong IPO

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

HONG KONG?China Merchants Securities Co. plans to submit an application to Hong Kong's stock exchange seeking approval for a multibillion-dollar Hong Kong initial public offering in the coming weeks, two people with direct knowledge of the deal said. The Shanghai-listed ...

Swiss Manufacturing Output Declines In July

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By Neil MacLucas ZURICH--Switzerland's manufacturing output fell in July, suggesting companies are still battling to cope with the strong franc and that weaker demand for Swiss industrial goods is likely to persist for some time. The Swiss Purchasing Managers' Index ...

MARKET SNAPSHOT: U.S. Stocks On Pace For Lower Open

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By Victor Reklaitis, MarketWatch Tyson, Clorox likely to see active trade on earnings U.S. stocks looked on track to edge lower at the open Monday, as sentiment was hurt by another drop by Chinese stocks, offsetting mostly positive action by ...

Eurozone Survey Shows Collapse in Greek Output

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

Uncertainty over the country's future relationship with the eurozone sent Greek manufacturing into a tailspin in July, but that had little impact on other parts of the currency area's economy, as Italian factories had their best month in more than ...

LONDON MARKETS: FTSE 100 Starts Week With Modest Gains

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By Carla Mozee, MarketWatch HSBC rises on Brazil deal U.K. stocks were making modest gains Monday, ahead of the release of monthly manufacturing data. The FTSE 100 rose 0.1% to 6,701.92, but the increase was limited by losses in mining ...

Imports of Digital Goods Face Test

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By Brent Kendall The clash over protecting a free-flowing Internet while also fighting online piracy has shifted to an unlikely and largely unknown setting: a legal battle about teeth-alignment devices at a federal trade body. A U.S. appeals court this ...